Daily news update: February 17th, 2022

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Crypto market update

Bitcoin was rejected above $44,000 and dropped by over a grand in the following hours. The altcoins have also turned red, with Ethereum struggling to remain above $3,000 and other daily drops from Binance Coin, Cardano, Solana, and more.

Bitcoin (BTC) is now trading at 43,234 USD down by 2% in 24h

Ethereum (ETH) is now for 3,065 USD down by 2% in 24h

PlatonCoin (PLTC) is now for 0,518 USD down by 0.1% in 24h

Total marketcap is currently at 2.04 trillion USD down by 2.5% in 24h

(all data from Coingecko.com)

Daily news update

Warren Buffett and crypto investment: Warren Buffett, who once said cryptocurrency is nothing more than a “rat poison,” now invests $1 billion in a digital bank, Nubank, located in Brazil. In particular, Buffet’s company Berkshire Hathaway purchased 1 billion worth of shares of a blockchain-based bank, also known as neobank. Nubank is the largest bank of its kind in Latin America. The news came to light earlier this week when Berkshire Hathaway made SEC fillings of their investments.

NYSE and cryptoexchange and NFT marketplace: The New York Stock Exchange (NYSE) has applied with the US Patent and Trademark Office to use NYSE as a trademark for its future business as a cryptocurrency exchange and NFT marketplace.

Password protection and crypto accounts: Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out. One Time Password (OTP) bots are “remarkably easy to use” and are relatively inexpensive to operate relative to the amount that can be earned from a successful attack.

Korea and unicorn cryptoexchanges: Two of South Korea’s top cryptocurrency exchanges, Upbit and Bithumb, are among the seven local businesses that achieved unicorn status last year, the Ministry of SMEs and Startups (MSS) reported on Tuesday. A unicorn company is a privately held startup company valued at over $1 billion.

Banks in Canada and outage: On February 16, five major Canadian banks went offline, preventing a number of customers from using e-Transfers, online banking, and mobile banking services. The financial institutions affected by the outage included the Royal Bank of Canada (RBC), BMO (Bank of Montreal), Scotiabank, TD Bank Canada, and the Canadian Imperial Bank of Commerce (CIBC).

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